Downsizing Your CRA Tax Files?

Happy New Year! If one of your resolutions for 2026 is to downsize, or at least sort through all that stuff you don’t need anymore, you may inevitably run across those tax files you’ve been keeping for decades. Just how long do you have to keep them? Do you need permission to destroy them? From whom? Read on to learn more. 

Especially for experienced tax and financial advisors, unique planning opportunities with Canada’s top experts will provide 10 CE/CPD Credits and access to 2015 tax calculators.

Operating across national borders is easier and more common than ever, driven by technology and economic changes that make it appealing for individuals and businesses to purchase investment property globally.

Let’s face it, we all appreciated the financial support we got when we were struggling students. For those contributing financially to someone else’s post-secondary education, those kind family sacrifices can bring tax rewards even though the amounts have neither risen nor been indexed recently.

New value propositions are cropping up for investors everywhere today. . . but humans are not the only ones delivering. Is Robo-advice a competitive threat or a potential competitive advantage to advisors in multi-generation planning? 

A diverse client base can present some challenges to financial advisors, but also many opportunities, especially if you embrace diversity and tailor your practice to the needs of Canada’s changing demographics. New stats will be interesting to you if you plan to grow with this exciting new market, especially with young families.

If you have a university bound student in your home this year, there is plenty of good tax news to help with the financial burden. Once again, it’s important to be aware of opportunities to save or recoup some money, and remember to keep all receipts!